Trade Statistics for May 2022
The South African Revenue Service (SARS) today releases trade statistics for May 2022 recording a preliminary trade balance surplus of R28.35 billion. The R28.35 billion preliminary trade balance surplus for May 2022 is attributable to exports of R179.46 billion and imports of R151.11 billion.
2022 Tax Filing Season
The South African Revenue Service (SARS) has made significant changes to the 2022 Tax Filing Season. This year, over 3 million individual non-provisional taxpayers, have been auto-assessed by SARS and will not have to file a tax return if they are satisfied with the outcome.
SARS media statement
SARS has noted the recent allegation made in the press and social media that the Commissioner for SARS is a director of a company owned by President Ramaphosa. It is insinuated that SARS has therefore remained silent about the tax matters of President Ramaphosa.
SARS sews victory protecting the textile industry
The South African Revenue Service welcomes the unanimous judgment of the Supreme Court of Appeal (“the SCA”) which has affirmed its procedure and right to seize goods which have been under-declared when crossing South Africa’s borders.
SARS seizes 11 falsely declared containers
The South African Revenue Service (SARS) through its Customs & Excise National Rapid Response Team seized eleven (11) falsely declared consignments made up of clothing that were presented as shoes with a total prejudice to the fiscus to the value of R 3-million.
SARS and DTIC donate tonnes of seized clothing, blankets and footwear to flood victims
SARS and the Department of Trade Industry and Competition (DTIC) have joined forces to donate tonnes of seized clothing, blankets and footwear to flood victims in KwaZulu-Natal (KZN), Eastern Cape, North West, and the Free State provinces.
SARS Customs intercepts rhino horn at OR Tambo
The South African Revenue Service (SARS) Customs unit working with the South African Police Service (SAPS) successfully foiled an attempt to smuggle rhino horn out of the country after receiving information about the suspicious luggage en route to Abu-Dhabi.
Trade Statistics for April 2022
SARS today release trade statistics for April 2022 recording a preliminary trade balance surplus of R15.49 billion attributable to exports of R151.79 billion and imports of R136.30 billion.
SARS reminds representative taxpayers of trusts of their duty to register trusts for income tax purposes
SARS would like to advise representative taxpayers of trusts of their duty to register trusts for income tax purposes.
Misdeclaration of sugar, textile and tyres
The Illicit Trade Unit (ITU) of the South African Revenue Service (SARS) in Durban has clamped down on an importer of 20 containers of sugar that were declared as containing rice, which is duty free.
